Vermilion County Memorandum of an Installment Sales Contract Form
Vermilion County Memorandum of an Installment Sales Contract Form
Fill in the blank Memorandum of an Installment Sales Contract form formatted to comply with all Illinois recording and content requirements.
Vermilion County Memorandum of an Installment Sales Contract Guide
Line by line guide explaining every blank on the Memorandum of an Installment Sales Contract form.
Vermilion County Completed Example of the Memorandum of an Installment Sales Contract Document
Example of a properly completed Illinois Memorandum of an Installment Sales Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Illinois and Vermilion County documents included at no extra charge:
Where to Record Your Documents
Vermilion County Recorder
Danville, Illinois 61832
Hours: 8:00am to 4:30pm M-F
Phone: (217) 554-6040
Recording Tips for Vermilion County:
- Check that your notary's commission hasn't expired
- Verify all names are spelled correctly before recording
- Recorded documents become public record - avoid including SSNs
- Request a receipt showing your recording numbers
- Both spouses typically need to sign if property is jointly owned
Cities and Jurisdictions in Vermilion County
Properties in any of these areas use Vermilion County forms:
- Allerton
- Alvin
- Armstrong
- Bismarck
- Catlin
- Collison
- Danville
- East Lynn
- Fairmount
- Fithian
- Georgetown
- Henning
- Hoopeston
- Indianola
- Muncie
- Oakwood
- Potomac
- Rankin
- Ridge Farm
- Rossville
- Sidell
- Tilton
- Westville
Hours, fees, requirements, and more for Vermilion County
How do I get my forms?
Forms are available for immediate download after payment. The Vermilion County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Vermilion County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Vermilion County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Vermilion County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Vermilion County?
Recording fees in Vermilion County vary. Contact the recorder's office at (217) 554-6040 for current fees.
Questions answered? Let's get started!
The seller has the option of recording the Contract for Deed, or a Memorandum of Contract (within 10 business days of the date of sale of any residential real estate subject to an installment sales contract, and prior to any subsequent sale or other transfer of any interest in the residential real estate or contract by the seller, the seller shall record the contract or a memorandum of the contract with the county recorder of deeds. A memorandum of the contract shall be titled "MEMORANDUM OF AN INSTALLMENT SALES CONTRACT") ((765 ILCS 67/20(a))
In short an ("Installment sales contract" or "contract" means any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy a residential real estate, in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller continues to have an interest or security for the purchase price or otherwise in the property. "Installment sales contract" does not include a financing arrangement that for religious or cultural reasons does not allow the imposition or collection of interest and that is offered by a person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or the United States relating to banks, savings and loan associations, savings banks, credit unions, or third-party religious or cultural lenders.) ((765 ILCS 67/5)
Why record a Memorandum instead of a Contract?
Memorandum of Contract: This is useful when you want to protect certain details of the agreement while still providing public notice of its existence. It is appropriate for maintaining some level of privacy and avoiding the recording of lengthy or sensitive contract details.
Original Contract: Recording the original contract is beneficial when you need full legal protection and clarity. It ensures that all terms are public and enforceable, providing comprehensive protection against disputes and claims.
Important: Your property must be located in Vermilion County to use these forms. Documents should be recorded at the office below.
This Memorandum of an Installment Sales Contract meets all recording requirements specific to Vermilion County.
Our Promise
The documents you receive here will meet, or exceed, the Vermilion County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Vermilion County Memorandum of an Installment Sales Contract form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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February 25th, 2019
Disappointed on most recent order. Format did not permit changing the "boilerplate" language to change "grantor" to "grantors". In so restricting, could not use pre-printed form to make a joint party conveyance.
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July 16th, 2020
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March 23rd, 2020
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September 9th, 2020
I liked getting the forms but I was charged twice for some reason. I'm not sure what happened with that. Can you reimburse me? Thank you. Lanette
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March 27th, 2023
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October 17th, 2020
The information/forms/and ease of filling in the blanks provided me with the confidence to "do it myself". Excellent customer service. Thank you for being there.
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Woody P.
August 28th, 2021
I was informed that a quit Claim Deed that I had submitted, did not meet county requirements. I ordered the correct form and was surprised that the form included instructions and a sample "completed" form for me to follow. I found it al very helpful. Thank you !!!
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April 21st, 2021
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Roger S.
August 19th, 2020
status was canceled. said i needed to record directly. would be 5 stars if it worked.
Sorry for the inconvenience Roger. Unfortunately, not all jurisdictions in the country have progressed to the point of being able to accept all document types for e-recording.